Atrium Syndicate 609 updated forecasts
Atrium has published updated forecasts for Syndicate 609.
| 2019 Year of Account | |
| Current Forecast Range % of capacity | Previous Forecast Range % of capacity |
| +2.5% to +7.5% | +2.5% to +7.5% |
| 2020 Year of Account | |
| Current Forecast Range % of capacity | Previous Forecast Range % of capacity |
| +5.0% to +15.0% | +2.5% to +12.5% |
"Due to the ongoing nature of COVID-19 and the economic impact that this has had, we draw your attention, in particular, to assumptions 1 and 6 below."
"Forecast assumptions
The key assumptions upon which each syndicates’ open year forecasts are based are set out
below:
1. Inherent volatility in claims development will not give rise to actual ultimate claims which
are materially divergent from expectations. In particular there will be no significant
distortion in the incidence of major catastrophe or attritional losses or in the ability of the
syndicates’ reinsurers to respond to potential reinsurance recoveries;
2. The development of open year premiums will be broadly consistent with historical
development patterns;
3. There will be no material change in reserving methodology or accounting policies at the
respective dates of closure of the open years;
4. Inflation, interest and exchange rates as at the respective dates of closure of the open
years will not differ significantly from those taken into account in the forecasts;
5. There will be no material unbudgeted expenses; and
6. Investment returns will be materially in line with investment manager expectations."